Dec 28, 2012 6:30pm PST
companies and energy that have done well and need capital. you can raise it or you can join forces with somebody else. very often the decision is to merge and not raise capital and take that risk. >> susie: and in tech what should they look for. tech is such a huge area we have a few seconds left what are your thoughts? >> look at the base companiesan. the kind of service that's county of victoria to their -- o their base line services. >> thanks bob, have a greatweek. bob pr profusek. >> susie: the price of gold fell slightly today, as the fiscal cliff drama in washington continues to weigh on markets and confidence. gold slipped almost $8 to $1,655. for the year, gold is up about 5%, half the gain in the s&p 500. but as erika miller reports, some gold bugs believe next year will be far better for the precious metal. >> reporter: if you got gold jewelry as a holiday gift, it may be more than something beautiful to wear. it may also prove to be a shining investment. some gold traders think the yellow metal could hit $2,000 an ounce next year. the reason? >> monetary easing. all these go
Dec 21, 2012 6:30pm PST
of the s&p sectors moved lower on the selloff, energy fell by more than 1% and so did financials and telecom services that sector was weighed down by big losses in blackberry maker research in motion. more on that in a moment. today's selling came despite some encouraging economic reports. durable goods orders rose 0.7% in november, a slight decline had been expected. personal spending also picked up in november, rising 0.4% of a percent as consumers shrugged off worries about the fiscal cliff and went shopping. as investors sold stocks, they bought up safe-havens like treasuries and gold. that pushed down the yield on the ten-year treasury to 1.77% yields move in the opposite direction of treasury prices. meanwhile, gold was shining up over $14 to $1,660 an ounce. there were some deals getting done today. first up, general electric. it's buying the aeronautics unit of italian engine maker avio. the price tag: $4 billion. g.e. shares fell slightly on the deal, down 17-cents to $20.88. also today, a deal in the casino space: pinnacle entertainment is buying ameri-star casinos for $869
Dec 25, 2012 12:00am PST
international atomic energy agency and a nobel peace prize winner. . >> ifill: thank you for joinings us. you called egypt to reject the -- what's recan to how it turned out? >> it is going to pass but it's a sad day in my view for egypt because it is going to institutionalize stability, very polarizing charter, defines a lot of the basic human value like treatment woman of religion, freedom of expression, so i'm not sure that this is the way forward. however, we would have to take it from there and i think that we treat that constitution try to get another assembly to work, that is not polarizing but establish a consensus among the two divided fraction of the society. right now we have educated middle class on one camp and the so-called islamists and majority of the illiterate part on the other side. that's not the way we expected after the uprising. we need a charter that unifies people that not talking about controversial issues like role, freedom of expression, freedom of religion, freedom of worship but talk about science, technology, health care, that is what people compare about.
Dec 28, 2012 12:00am PST
ancient acropolis, symbol of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health benefits. the combination has left many here without access to private or public care. and that's meant a stunning rise in disease and mortality rates. >> brown: economists, of course, speak of a different kind of necessary medicine: the kind a deeply indebted nation must take. the price for living and consuming well beyond its means for far too long. >> the medicine is necessary. it was, though, delivered very abruptly.
Dec 26, 2012 6:30pm PST
everybody and, in the energy area, if take really come down hard on fracking which has been a very important asset for our country. >> all right, sorry we have to leave it there. an interesting conversation. thank you very much wane. best wishes for the new your. wayne kaufman of john thomas financial. thanks a lot >> susie: the fiscal cliff isn't the only drama playing out for the u.s. economy: there's also the "container cliff". 14 ports along the u.s. east and gulf coasts are at risk of closing if longshoremen and the international maritime alliance cannot reach a deal by saturday. federal mediators have been called in to help with last minute negotiations. at the heart of the dispute: container royalties. those fees charged to shippers were implemented in the 1960s to help dock workers displaced by technology. the maritime alliance wants the royalties capped. earlier this month a port strike in southern california, cost an estimated $1 billion a day. netflix is blaming problems at its web service provider, amazon for a server outage that took down its streaming video service on
Dec 26, 2012 12:00am PST
adopted home.th >> there's weirdly a lot of energy in athens, and, whether it's good or bad, there's a feeling. >> brown: what kind of energy? >> maybe there's a "there's nothing left to lose" as a kind of freedom as well. people are going out to plays. they're still going out and doing things, but, you know with less money. but there's an urgency. poetry meetings are very well attended.li literary events are packed. >> brown: why do you think that is? >> well, it's inexpensive, inexpensive entertainment. ( laughs ) but i think people want to be together. they want to be talking to people.ton >> brown: the crisis around here, she says, rarely makes it into her poetry in an explicit way. but she did have one direct hit for us, a playful work-in- progress called "austerity measures." >> i love the term "austerity measures." it sounds so poetic. >> brown: even though it's so" real, nitty-gritty in what's happening here? >> yes, i love the idea of "measures" as, you know, verse. it was prompted by a headline that i read somewhere, which was "greece downgraded deeper into junk," the greek b